In April 2026, the US Urban Consumer Price Index (CPI) year-on-year rate increased to 0.04, up from the previous value of 0.03. Meanwhile, China's National CPI month-on-month remained stable at 0.01, unchanged from the prior period.
The momentum for US inflation shows a strengthening trend, with the YoY rate climbing from a low of 0.02 in January 2026 to the current level. In contrast, China's MoM CPI has fluctuated narrowly between 0.00 and 0.01 over the last six months, indicating consistent price stability.
Auxiliary data reveals that the US Urban CPI month-on-month stood at 0.01, aligning with the previous figure and supporting the YoY increase. Data for China's National CPI MoM was missing for the current period, limiting the cross-check to the reported stable headline MoM figure.
Cross-region comparison highlights a divergence in price dynamics. The US exhibits rising inflationary pressure with an expanding YoY gap, whereas China maintains a flat trajectory. This contrast underscores differing immediate price environments between the two major economies in April 2026.